Key Success Secrets – Part 1 | Introduction

In the early days of my wealth coaching career, I was always very focused on the practical, the down to earth, the “how-to” of becoming wealthy.  I’d read all the books out there on the market on the principles of wealth creation, becoming rich, the power of belief and focus, attraction principles and I was angry and frustrated!

Because none of them told you how to make money!  None of them laid out a step by step plan of  HOW TO ACTUALLY DO IT!

So my first book The Money Gym – which started as an email programme, I was not arrogant enough to think I had a book in me – was written out of that frustration;  I wanted to give you a step by step, logical plan for how to make money and even become rich.

I wrote it as I wanted it, simple, easy to understand, with pictures.  I tried to include (and credit) the best bits of all I had read or heard, from Robert Kiyosaki to Napoleon Hill, from Steven Covey to Mary Hunt, from Gill Fielding to Robert G. Allen, especially where it was helping me and making a positive difference to the way I thought and particularly to the way I acted.

Read more..

Money Gym Magic

Listen to the audio version of this story here >>>

Every so often, magical things happen in the Money Gym.

This week, one of our clients – let’s call her S – was having an issue with one of her buy to let properties – her new tenants, via the management agent, was giving her grief about a shower that was having an identity crisis.  The tenants felt it should be a power shower, the managing agents has billed it as such, verbally, but S had never called it anything but a mixer shower head.  The shower wasn’t commenting.

S was worried about her legal obligations, and she had been given some outrageous quotes from the management agent’s crony plumbers, as to the cost of fitting a power shower should she go down that route.

The agents were further complicating the situation with lots of hearsay, psuedo legalese and some other comments that sounded vaguely threatening.

Not a pleasant situation and one that was giving S some sleepless nights.

She posted her dilemma on the Money Gym Mastermind Google Group, and one of our other clients, G, jumped straight in with some support.  G is a builder with many years experience of rental places both public and private, and knowledge of contracts.  Now G comes to lots of our workshops and we had got to know him well, lovely man, but even I didn’t know all this about him!  I watched amazed as he swung into action…

He gave S the beneift of his experience, not to mention loads of emotional support and down to earth common sense advice about handling the tenants and the agent.

One of our other clients M, who is a successful and no-nonsense business woman, also offered to visit the offices of the management agent with S, as her “professional advisor” should she want to set up a meeting with the agent and tenants together to sort things out.

One of our other clients, K, in watching the email discussion flying backward and forward, then had a bit of a breakthrough, and realised that one of the biggest reasons she hadn’t started investing yet, in spite of the bargains she keeps finding, and having got the cash ready, was because she was terrified of dealing with builders, if any refurbishment was required.  She said how great it was to be able to call on G for advice, via the Money Gym.

As the whole conversation unfolded, G, who had been struggling to find his wealth creation niche to date, realised that he had something to offer here – a service that might get him out from the “dark side” as Judith and I call working for a living.

“Thanks everyone. You witnessed my breakthrough today. Again, it’s like Brett (McFall) said, if you give you get it back in droves. I’ve lived and worked with the knowledge for so long now that it’s become second nature to me. Intellectual familiarity breeding contempt I suppose, and I forgot the value of the information to someone who lacked the same experience, but was committed with a property portfolio anyway”.

G had realised that he could mentor buy to let landlords, on his area of expertise;  namely his years of building experience, contracts in the building trade, dealing with builders, not to mention being an emotional rock to lean on when dealing with difficult people in general.

He talked to the group about his new idea, and how he could get started with setting up a mentoring service like that, and asked what his first steps should be?  Get coach training?

“You don’t need that, you won’t be that kind of coach” and “Start blogging about it”, was the universal response.  Luckily one of the other things G loves to do is write – so blogging won’t be an issue.

The techie bits of setting up a blog might have been an issue though….

I immediately sent him over a link to some Camtasia videos we had created for our Membership Bootcamp people, showing him how to buy a domain name, hosting and an email account, and how to set up a blog.

The idea is that he should start talking about the experiences he’s had over the years, to start to attract traffic and a pool of people who know who he is, and what he can do for them.  Then we can mentor him through how to offer his service, what and how to charge, and how to set it all up.

What fun!  and how marvellous that he started giving freely of his time and knowledge and the universe has given him back an idea finally that he can work on and develop as his own.

I can see a blog, an ebook, a membership site for landlords, his mentoring / coaching service….

We are eagerly waiting the next instalment in the story.  I have no doubt that G will take action – that’s what he does.

And if he falters, there is a whole gang of people to help, advise, support him, in the same way he helped, advised and supported S.

Do you think his chances of success are better or worse for having this community around him?  Better, of course.

So what’s the hidden meaning in all this for you?

Perhaps you are struggling to work out what you could offer, to a hungry market, that could get you out from the “dark side”?

Perhaps you are wrestling with wealth creation issues on your own, having taken a few steps along one of the Lanes of the Wealth Highway, but got a bit scared or stuck?

Would being part of a supportive, creative community like this help you move forward?

Would some well chosen questions from an experienced wealth coach dispel some negative or limiting beliefs about money, your own value or your fears around exchanging money for that value, perhaps?

Would having over 200 great new well-connected contacts open up some doors for you in your existing business?  Not to mention my links with Ecademy Blackstar …..

There are many hidden benefits of joining The Money Gym and I call the community aspect – particularly the Google Mastermind group – our “hidden jewel in the crown”.

If you are thinking you love the sound of all this, you need to take some action now.

We are counting down to Christmas and the 3rd of January – the 12 hour Wealth-A-Thon which is the last day for signing up for Money Gym Gold at 2008 membership fee levels.  You can save £1200 if you take action now for a January start.

AND…….

If you want to be one of the 20 people that will enjoy the special bonus, the “Membership Site Bootcamp” product, worth £1750 and not available to the general public yet (going……..going……….nearly gone!) then you need to take action now.

This is what you need to do:

1.  Visit http://www.themoneygym.com/gold and read the page carefully
2.  Scroll down to the “join now” button and click it to pay your deposit.
3.  Email Judith to set up your first call, where you will decide with Judith, which coach is right for you
4.  Enjoy Christmas knowing you are all set to make 2009 your best financial year yet.

That’s it.  Hope you enjoyed the story!

Cheers
Nicola

Big Shout Out To Jason Moffatt & Ryan

You may notice that the blog’s looking a bit different….

I was taking a break from a major article and mooching around Jason Moffatt’s blog at http://www.jasonmoffatt.com/ which is always good and I noticed that he had a new blog for the more business / marketing orienated  stuff.

I clicked over to http://www.ProfitMoffatt.com and noticed a ustream tv show box in the corner.

I was just saying to Steve that we need to find a blog theme that will take our ustream tv show stream in the corner, when lo and behold, Jason’s stream went live!

Very exciting when that happens!

I got chatting to the bloke in the tv (surreal) via their live chat link, whose name turned out to be Ryan, Jason’s support guy, about how they had done that (made a link to the pop up chat window, and Ryan kindly helped me out with some advice.

In return I advised him to make Jason get him a chair and table as he seemed to be sitting on the floor, but Ryan says he likes it there!

I’m a bit worried about his posture though!  He is young yet….

Anyway the upshot is that we have had to change the blog template to get the Live TV box in the corner of ours!

Ask Nicola! Your Burning Wealth Creation Questions Answered

I recently added a page to the blog where you can ask me any question about wealth creation you like.  Brave?  Too generous?  Asking for trouble?  No………

I did this because I want to make the blog more interactive and also, to stimulate articles that arise from real questions.  This can only help our search engine ranking when Google comes by to crawl and then PageRank the new blog!

John was first up and I want to thank you John for your bravery!  It was a lovely question to answer, as you will see…

” Hi Nicola, Here’s my burning question…..I am a man. 50 years old. Anyway, I would like to ask for your advice regarding my route to the wealth highway.

My financial position is thus. Home owner with no mortgage. Our home is worth around £155,000 in today’s market. My wife owns a 1 bedroom house with her sister a 50/50 share mortgage  around £70,000 and valued at say £90,000. The property is let and only just pays for itself.

My wife and I both work with approx take home pay per month of £2250. I require around £100 a week to live on and my wife requires all of her income to live, so I can save around £750 per month.

I have a credit card of around £2000, savings of £3000 and my wife has a loan of £3000. I hate my job and would love to be free of it.

My interest is web design and am becoming quite good. Hopefully this is where I can shine but I need more free time for this to happen. I am knackered at the end of the day.

I realise that my wife and I are in a good position regarding our own home and we could maybe do something with the equity, I don’t know.

What would you do, Nicola?”

NICOLA’S REPLY:

“Hi there John…congratulations on being our first “Ask Nicola” burning questioner! And what a lovely one to start with……the quick answer is that you are financially free already, you just don’t know it!

I’m going to mainly deal with your own situation here as your wife and you seem to keep your finances quite seperate…is that right?  Do come back to me if you wanted a response bases on your joint finances….

You say that you would like to do more web design, and with some good marketing online, and networking locally, and I know that you could make a very good living at this.  Local business people are AT LAST waking up to the power of the web in generating leads for their business, and how efficient and cheap that can be compared with the traditional methods, like advertising.  They are happy to pay £500 – £1000 for a blog type site (great for SEO), and around £2000 – £3000 for a blog type site, with ecommerce / mailiing list capabilities.

You could educate yourself about internet marketing, including traffic generation, social networking and web 2.0, as well as web design (our about to be relaunched Internet Marketing Home Study System will soon be available via our very affordable Silver membership) and then you would REALLY be in demand.  I would envisage that, within a year, you would be outsourcing most of the work!

However, the issue seems to be time and energy, as your day job takes both.  Have you considered taking some of the equity in your house, and investing it in your new business, using it to

a) pay yourself a salary of £500 a month (£100 per week x 52 divided by 12)

b) pay for some teaching to bring your internet marketing / seo skills up to scratch – Money Gym Silver would cover that as it gives access to the MG Internet Home Study System (soon to be totally upgraded to cover Social Networking and Membership Sites)

c) pay for a year’s worth of mentoring – our Money Gym Gold programme would be ideal for this and I would suggest you have a look at our coaches, and see which one you think would best be able to hold your hand through the year, to set up and build your business.

I would think pulling out £20,000 would not only cover the expenses as above, but also pay the payments on the money you would be borrowing so your outgoings would not go up at all.  If you apply before you hand your notice in, you should have no trouble getting a mortgage of 12% loan to value.

Your other alternative – if you don’t want to use your equity, is to use your £750 a month savings, to build a “Freedom Fund” to cover your first year in business, and in Money Gym Silver membership, we give you a blueprint on how to do that, step by step.

HOWEVER, if I were you, I would be pulling out all the equity available, and as well as investing in my new business, as above, I would be buying as many one bedroom buy to let flats (existing housing stock NOT new builds) as humanly possible.

This would ensure that you never had to work again, if you didn’t want to!  You could keep leveraging the growth in your property portfolio, again and again, tax free, to grow your portfolio further and to live off.

Again, this is something our experienced property investing Money Gym coaches could hold your hand through, via the Money Gym Gold programme as they are all very sound on this topic!!

Now, you know what you can do (and what I would do) the only question is “what’s going to stop you doing it?”

Keep in touch John and let me know how you get on?

Warm regards, Nicola”

JOHN REPLIED:

“Hi Nicola, Thank you so much for replying to my question and so quick. Your suggestions have given me food for thought and I guess you have confirmed what I have known for quite some time. It’s time to make strategic change in my life. So what an I waiting for………………just do it.  Thanks again Nicola, John”

If you would like your question answered online, with your personal details removed so nobody knows who you are, just visit

http://www.asknicolacairncross.com